Negociant Leases Retail Space At 837 Seventh Avenue In Hell's Kitchen
837 7th Avenue, New York City, New York 10019, United States
Building Size
1,090 SF
Asset Type
Retail
Closing
Dec 28, 2021
About this deal
AI
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Asking Rent: $308/ft.
- Square Footage: 1,090
- Address: 837 Seventh Avenue
- Market: Hell's Kitchen
Negociant has leased a retail space located at 837 Seventh Avenue in Hell's Kitchen. The lease was facilitated by Yoni Hadar from Meridian Retail Leasing, representing the tenant, and Edel Family Management Corp., the landlord. The lease transaction involved an asking rent of $308 per square foot for a space measuring approximately 1,090 square feet.
Traded’s record for 837 7th Avenue, New York City, New York 10019, United States in New York, New York covers a retail lease from 2021. Published size for 837 7th Avenue, New York City, New York 10019, United States is 1,090 square feet. Yoni Hadar, Meridian Capital Group appear on the lease alongside Meridian Capital Group. This page is the New York, New York file for the 837 7th Avenue, New York City, New York 10019, United States retail leased: pricing, party profiles, and other closed retail comps from the same New York sit in the Market section below. Filter that New York retail set by closing date to see what else leased near 837 7th Avenue, New York City, New York 10019, United States around 2021. Cite this Negociant Leases Retail Space At 837 Seventh Avenue In Hell's Kitchen lease when underwriting similar retail product around New York, New York.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93